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News 2026-09-18 03:02 UTC

BOJ raises interest rates to 31 — year high in widely expected move

TOKYO, Sept 18 (Reuters) — The Bank of Japan raised interest rates to a 31-year high of 1.25% on Friday in a widely expected move to forestall risks of inflation overshooting its 2% inflation target. At a two-day policy meeting that ended on Friday, the board decided by a 7-2 vote to raise its policy rate from 1%. Boar